Wealth management

For the first time, multiple CPAs under the age of 41 were honored for their contributions to the future of the accounting profession.

The leaders of the biggest Western economies are expected to endorse a plan that focuses on super-wealthy individuals and businesses.

Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive.

Private wealth clients, hedge fund managers and cryptocurrency traders fleeing to Puerto Rico for its huge tax breaks — and to escape President Joe Biden’s proposed capital gains tax increases — are now the focus of a sweeping Internal Revenue Service review.

The leading CPA financial planners with over $1 billion in assets under management

Financial planning clients need to start preparing for potential legislative upheavals now.

"Inheritors are going to get killed" under the White House’s proposal to put the brakes on tax-free intergenerational transfers of wealth.

FASAB is looking for input on a proposed interpretation of the federal financial accounting standards for cancelled debt.

Plans sold through brokers cost nearly three times as much as those sold directly; time-stressed parents can find it's worth it.

President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates.

Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.

Chicago CPA Jeff Badu launches his own nonprofit to serve local youth, and the Indiana Society of CPAs holds its 2021 Spring CPA week.

Any changes to inheritance tax would feed into the broader upheaval that is coming to taxation in the world’s major economies.

The state society's annual awards recognize local CPAs and their commitment to service, diversity and innovation.

Biden administration proposals could radically reshape how wealthy Americans are taxed.

Client referrals are a great way to grow your financial planning practice — provided you can get them.

The annual Wealth Magnets list ranks CPA financial planners by assets under management.

The White House’s sweeping proposal to raise taxes on the wealthy will likely force advisors to get creative as they structure sales of their practices.

If employees are a company’s greatest assets, then children are a person’s greatest treasure.

The society honored professionals across a wide range of categories, including Women to Watch, Lifetime Achievement, Advancing Diversity and more.